Building and leveraging a trusted support network as a business owner
As a small business owner, it’s exceptionally common to become overwhelmed by the reality of an all-consuming professional life. To combat this stress, it’s important to conjure the ability to build a support network around yourself. Here at Reckon, we recently reached out to some…
Creating a succession plan for your business
If you’re looking to sell or pass your business, succession planning is vital. While selling up or retiring may not be on the cards for many small business owners, it’s important to understand how succession planning works, so you can prepare for a time in…
Important business changes coming into effect after 1 July 2022!
Seismic shifts are brewing across the Australian business landscape this year, and it would be prudent to get ahead of them. From prescriptive changes like eInvoicing mandates, superannuation guarantees, and plastic bag bans – to less palpable shifts such as inflation and energy costs, you…
Winning and keeping lifelong client friendships
Customer loyalty is critical to most small businesses. We all know it’s far more costly to attract new clients than to hold onto an existing one. But did you also know that you only have to increase your retention rates by 5% to boost your…
“The digital future is already here. It’s way past time to fully adopt the cloud”
Once upon a time the cloud was new and strange, and you could exceed in business without paying it any mind. That time has long since passed. With the onset of the pandemic, and changed work patterns, it’s not surprising that the uptake of cloud…
The golden rules to avoid a massive tax bill as a sole trader
It happens every year. Sole traders around the country tread steadily toward the end of financial year on 1 July, until suddenly, their chest tightens with panic. Hot on their lips is the nail-biting question: what if I don’t have enough coin in the bank…
Tax dates for your diary till 31 December 2022
EOFY 2022 is coming up fast which means tax time is looming… If you’re a business owner, the ATO requires entities of all sizes to file their tax documentation before 30 June 2022. This means you need to start getting your ducks in a row…
Staying sane during tax time
It’s almost 1 July, you know what that means right? Tax time is looming, and it’s time to finalise your EOFY to hit the ground running. You’ll need to organise tax returns, refresh your business plan, balance your books, do a year in review, consult…